A.B. Electrical Services (Hull) Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04723629 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2014

for

A.B. Electrical Services (Hull) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A M Smith

SECRETARY:

Mrs A Smith

REGISTERED OFFICE:

Unit 2B Station Mills

Station Road

Cottingham

East Yorkshire

HU16 4LL

REGISTERED NUMBER:

04723629 (England and Wales)

ACCOUNTANTS:

Derede Associates Limited

14a Waterside Business Park

Livingstone Road

Hessle

East Yorkshire

HU13 0EG

BANKERS:

National Westminster Bank Plc

Willerby & Kirk Ella

The Square

Willerby

East Yorkshire

HU10 7XW

FIXED ASSETS

Intangible assets

2

-

6

Tangible assets

3

26,221

14,773

26,221

14,779

CURRENT ASSETS

Stocks

1,200

1,200

Debtors

170,880

136,233

Cash at bank and in hand

102,819

73,509

274,899

210,942

CREDITORS

Amounts falling due within one year

4

125,879

104,863

NET CURRENT ASSETS

149,020

106,079

TOTAL ASSETS LESS CURRENT LIABILITIES

175,241

120,858

CREDITORS

Amounts falling due after more than one year

4

(14,399

)

(6,904

)

PROVISIONS FOR LIABILITIES

(5,244

)

(2,663

)

NET ASSETS

155,598

111,291

CAPITAL AND RESERVES

Called up share capital

5

2

2

Share premium

15,999

15,999

Profit and loss account

139,597

95,290

SHAREHOLDERS' FUNDS

155,598

111,291

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 9 July 2014 and were signed by:

A M Smith - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services and goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

and 30 April 2014

14,226

AMORTISATION

At 1 May 2013

14,220

Amortisation for year

6

At 30 April 2014

14,226

NET BOOK VALUE

At 30 April 2014

-

At 30 April 2013

6

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

74,204

Additions

23,600

Disposals

(36,008

)

At 30 April 2014

61,796

DEPRECIATION

At 1 May 2013

59,431

Charge for year

11,603

Eliminated on disposal

(35,459

)

At 30 April 2014

35,575

NET BOOK VALUE

At 30 April 2014

26,221

At 30 April 2013

14,773

4.

CREDITORS

Creditors include an amount of £ 16,791 (30.4.13 - £ 8,356 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

£

2

Ordinary

£1

2

2

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2014 and

30 April 2013:

30.4.14

30.4.13

£

£

A M Smith

Balance outstanding at start of year

4,924

561

Amounts advanced

26,500

27,800

Amounts repaid

(27,538

)

(23,437

)

Balance outstanding at end of year

3,886

4,924

This amount is interest free and repayable on demand.